Tax Evasion Schemes

Learn about tax evasion schemes and how they differ from legal tax planning. Understand the risks, penalties, and red flags to protect your estate and family.

What happens if the IRS discovers I used a tax evasion scheme?

The IRS can impose severe penalties including criminal charges, substantial fines, and interest on unpaid taxes. You may face prosecution for tax fraud, which can result in prison time. Additionally, the IRS will require payment of all back taxes plus penalties that can double or triple the original amount owed. Even if you unknowingly participated in a scheme, you remain liable for the unpaid taxes and may face civil penalties.